What is penalty for RCM not charged under GST ?

[nagendra v]

Sir/Madam,

I want to know the penalty or causes for ignoring/omitting GST taxes under Reverse Charge mechanism

please help me with this issue

Thank you

[KASTURI SETHI]

Read Section 122 (2) (a) & (b) of CGST Act, 2017. It is minimum 10,000/- or equal to the amount of tax evaded, whichever is higher.

[YAGAY andSUN]

Please pay it along with interest.

[Ganeshan Kalyani]

It is better pay due tax with interest.

AI Summary

Penalty for Not Charging GST Under Reverse Charge: Refer to Section 122(2)(a) and (b) of CGST Act, 2017. A user inquired about the penalty for not charging GST under the Reverse Charge Mechanism. One response advised referring to Section 122(2)(a) and (b) of the CGST Act, 2017, which states the penalty is a minimum of 10,000 INR or the amount of tax evaded, whichever is higher. Another response recommended paying the due tax along with interest. The third response also suggested settling the tax with interest to resolve the issue.